Fresh Start with Dr. David - Season 1 - Episode 2 - Return On Investment [ROI] and Comfort Zones [CZs]

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Episode 2 - ROI (Return On Investment)

 

This Episode of The "Fresh Start with Dr. David" Podcast is about one of the most important concepts in Human Life: Return on Investment.

 

Believe it or not, our Society, our Governments, our Politics, our Social Norms & Conventions, our Religions, our Sciences, our Education, our Financial Systems, our Parenting Strategies, our Vocational Lives, and our DNA are based on the central concept of Return on Investment (i.e., ROI).

 

The Tools, Techniques, Strategies & Approaches that I embrace within my practices are also at least partially based upon this principle.

 

Return on Investment (i.e., ROI) simply means "What am I getting out of this?"

 

Even greater, it means "What am I getting out of this in comparison to what I'm putting in?"

 

And, therein lies the central concept and principle of ROI, something that's generally taught in business school or in an MBA program but has gained a lot of traction, attention & momentum in all areas:

 

"Am I getting anything back (i.e., a Return) compared to what I'm putting in (i.e., the Investment)?"

 

Of course, it begs the question embodied by the principle, "Why am I investing so much time, talent, energy, money or other resources into a project, event, relationship or endeavors that's not delivering anything in return?"

 

From that we then get the question "Why am I wasting my time on things that fail to deliver any benefits to me?"

 

That also brings up the closely related issues that are central to accounting and finance that appear on every balance sheet: Assets vs. Liabilities.

 

Looking at our time, talent, money, energy & resources from the standpoint of ROI bring about the quick question:

 

"Am I getting what I want from A, B, &/or C, and how much is it costing me to get what I'm getting?"

 

Finally it begs the question:

 

"Can I afford to waste my time, talent, money, energy &/or resources?

 

Usually the answer is no, depending upon the subject matter.

 

That brings up the principle of the Law of Diminishing Returns, which means that you're going broke by investing in something that no longer pays out; such as a personal or business relationship, a commodity like a stock or a bond, or an activity like playing a slot machine at the casino.

 

Generally speaking, when you continue to invest in something that delivers a lower quantity &/or degree of returns, that's called an ADDICTION.

 

In this episode, I'll be talking about how the concept of ROI should be shaping how we think, feel, act/behave and live.

 

Specifically, ROI affects and influences (or is influenced by) all of the following concepts:

 

1. Values

2. Worth (Assets vs. Liabilities)

3. Boundaries (Personal & Professional)

4. Relationships (Personal & Professional)

5. Priorities

6. Decision-Making

7. Commitments

8. Engagements

9. Activities & Associations

10. Time Tables, Timelines & Deadlines

11. Journey

12. Purpose & Passion

13. Destiny & Fate

14. Lifestyle Choices

15. Habits & Rituals.

 

The best way to approach ROI when it comes to your time, talent, money, energy &/or resources with people, circumstances, organizations &/or activities is to look at it like a Slot Machine and simply ask the question, "How many more dollars am I going to put in this machine before I move on to another machine or simply leave this casino?"

 

If you do this, then you'll discover that there are some machines that you're not ready to leave, even if they having given you a payout of any kind in ages... That will force you either accept the status quo or to create a different option or choice, which may be outside of your comfort zones.

 

Generally speaking, most people don't look at their ROI with people, circumstances, organizations &/or activities because either consciously or subconsciously they know that doing so will challenge their Comfort Zones.